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HomeMy WebLinkAboutCRA-R-12-0011 02-27-12 Legislation with attachmentsCity of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12-00169 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH ATTACHMENT(S), DE -ALLOCATING $146,830 IN UNUSED FUNDS ASSOCIATED WITH PREVIOUSLY AUTHORIZED PROJECTS, AS MORE SPECIFICALLY SET FORTH IN ATTACHMENT "A," AND ALLOCATE SAME TO AFFORDABLE HOUSING. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with its approved Redevelopment Plan; and WHEREAS, the Board of Commissioners, by several resolutions, authorized funding for various projects; and WHEREAS, there now remains over $146,830 in unused funds from these previously authorized projects, as more specifically set forth in Attachment "A"; and WHEREAS, the Board of Commissioners wishes to authorize the de -allocation of $146,830 in unused funds from these previously authorized projects, as more specifically set forth in Attachment "A," and allocate same to affordable housing; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The unused funds amount of $146,830, associated with the previously authorized projects, as more specifically set forth in Attachment "A," are de -allocated, and said funds are hereby allocated to affordable housing. Section 3. This resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: JULIE O. BRU GENERAL COUNSEL City of Miami Page 1 of 2 File Id: 12-00169 (Version: I) Printed On: 2/15/2012 File Number. 12-00169 City of Miami Page 2 of 2 File Id: 12-00169 (Version: I) Printed On: 2/15/2012 Attachment (A) SEOPW Resolutions DESCRIPTION RESOLUTION APPROVED AMOUNT EXPENDED AMOUNT AMOUNT TO BE DEOBUGATED REMAINING BALANCE STATUS » Downtown Miami Partnership 10-0027 $325,000 $231,730 $9,188 $84,082 In Progress 1 NANA Business Training Program 10-0021 $30,000 $27,664 $2,336 $0 Completed 2 3 Youth Summer Employment Program Inc.) 11-0027 $322,317 $195,811 $126,506 $0 Completed 4 ( (Urgent Suited for Success 10-0064 $50,000 $41,200 $8,800 $0 Completed $727,317 $496,405 $146,830 $84,082 1